Monday, March 1, 2021
  • About
  • Advertise
  • Privacy & Policy
  • Contact
No Result
View All Result
Tech News, Magazine & Review WordPress Theme 2017
  • Tech

    Lady Gaga’s dog walker posts first update since being shot in pet theft: ‘I felt your healing support’

    Agri reforms aimed at last-mile delivery in a time-bound and efficient manner: PM Modi

    Former bureaucrat of Haryana convicted in DA case

    Google Pixel update lets you take photos underwater, sleep better and more

    View: Social media firms are not digital media companies. The new IT guidelines fail to get this fact

    Biden urged to back AI weapons to counter China and Russia threats

    Indian pharma companies targeted by Chinese, Russian and Korean hackers groups

    WhatsApp new feature: You can now mute videos before uploading on stories, chats

    Social network Gab was hacked

  • Apps
  • Computers
  • Camera
  • Mobile
  • Smart Devices

    OnePlus 9 Series Announcement Teased for March 8

    Michael Kors Access Gen 5E Darci Smartwatch Now Available in India

    Amazfit GTS 2 Review

    OnePlus 9 Series and OnePlus Watch Tipped to Launch March 23

    Moto Watch, Moto Watch One, Moto G Smartwatch Images Surface Online

    Redmi Max 86-inch Ultra-HD TV with 120Hz Refresh Rate Launched

    Apple Spring Event 2021: Here’s What iPhone Maker Could Launch Next Month

    Apple Spring Event 2021: Here’s What iPhone Maker Could Launch Next Month

    ShortsTV Now Available on Airtel Xstream: Report

  • Software
  • Audio

    Apple Spring Event 2021: Here’s What iPhone Maker Could Launch Next Month

    Redmi AirDots 3 TWS Earphones With 7-Hour Battery Life Launched

    RedmiBook Pro 14, RedmiBook Pro 15 With 11th-Gen Intel Processors Debut

    Noise Buds Solo TWS Earphones With Hybrid ANC Launched in India

    WandaVision’s ‘Agatha All Along’ Song Out on Spotify, Apple Music, Others

    Realme Buds Air 2 True Wireless Earphones With ANC Launched in India

    Samsung Galaxy Buds Pro Review

    Realme Narzo 30 Series, Buds Air 2 to Launch in India Today: How to Watch Live

    TCL Launches New Wired and Wireless Headphone Range in India

  • TV
  • Tech

    Lady Gaga’s dog walker posts first update since being shot in pet theft: ‘I felt your healing support’

    Agri reforms aimed at last-mile delivery in a time-bound and efficient manner: PM Modi

    Former bureaucrat of Haryana convicted in DA case

    Google Pixel update lets you take photos underwater, sleep better and more

    View: Social media firms are not digital media companies. The new IT guidelines fail to get this fact

    Biden urged to back AI weapons to counter China and Russia threats

    Indian pharma companies targeted by Chinese, Russian and Korean hackers groups

    WhatsApp new feature: You can now mute videos before uploading on stories, chats

    Social network Gab was hacked

  • Apps
  • Computers
  • Camera
  • Mobile
  • Smart Devices

    OnePlus 9 Series Announcement Teased for March 8

    Michael Kors Access Gen 5E Darci Smartwatch Now Available in India

    Amazfit GTS 2 Review

    OnePlus 9 Series and OnePlus Watch Tipped to Launch March 23

    Moto Watch, Moto Watch One, Moto G Smartwatch Images Surface Online

    Redmi Max 86-inch Ultra-HD TV with 120Hz Refresh Rate Launched

    Apple Spring Event 2021: Here’s What iPhone Maker Could Launch Next Month

    Apple Spring Event 2021: Here’s What iPhone Maker Could Launch Next Month

    ShortsTV Now Available on Airtel Xstream: Report

  • Software
  • Audio

    Apple Spring Event 2021: Here’s What iPhone Maker Could Launch Next Month

    Redmi AirDots 3 TWS Earphones With 7-Hour Battery Life Launched

    RedmiBook Pro 14, RedmiBook Pro 15 With 11th-Gen Intel Processors Debut

    Noise Buds Solo TWS Earphones With Hybrid ANC Launched in India

    WandaVision’s ‘Agatha All Along’ Song Out on Spotify, Apple Music, Others

    Realme Buds Air 2 True Wireless Earphones With ANC Launched in India

    Samsung Galaxy Buds Pro Review

    Realme Narzo 30 Series, Buds Air 2 to Launch in India Today: How to Watch Live

    TCL Launches New Wired and Wireless Headphone Range in India

  • TV
No Result
View All Result
Indian Technology News
No Result
View All Result
Home Tech

Apple Grants CEO Tim Cook First Major Stock Package Since 2011

September 30, 2020
Share on FacebookShare on Twitter

Apple on Tuesday granted CEO Tim Cook 333,987 restricted stock units, with a possibility to earn as many as 667,974 more if he hits performance targets, in the executive’s first stock grant since 2011.

“Tim has brought unparalleled innovation and focus to his role as CEO and demonstrated what it means to lead with values and integrity,” Apple’s board of directors said in a statement.

“For the first time in nearly a decade, we are awarding Tim a new stock grant that will vest over time in recognition of his outstanding leadership and with great optimism for Apple’s future as he carries these efforts forward.”

Cook is in the ninth year of his 10-year grant from 2011. Each restricted stock unit conveys the right to one common share when it vests.

Apple’s stock closed at $114.09 (roughly Rs. 8,400) on Tuesday, which puts the value of the units at $38.1 million (roughly Rs. 281 crores) at Tuesday’s price. But they will be more valuable if Apple’s stock price rises by the time they vest. One-third of the units will vest on April 1, 2023 with another third vesting in 2024 and the final third in 2025.

In October 2023, Cook will also be eligible to receive additional units based on performance. The target amount is 333,987 units, but the total could vary between none and double that amount based on Apple’s relative total shareholder return from fiscal years 2021 through 2023, according to a regulatory filing.

Apple’s move brings Cook’s compensation timeline into line with other executives at the company. Apple on Tuesday also awarded a similar grant to Chief Operating Office Jeff Williams, who will receive 89,064 restricted stock units on the same terms as Cook, including the possibility of performance-based units.

Cook told Fortune magazine in 2015 that he plans to donate his wealth to charity.

© Thomson Reuters 2020


Will Xbox Series S, PS5 Digital Edition fail in India? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.

Credit: gadgets.ndtv.com

Tags: apple ceoapple grants ceo tim cook first major stock package since 2011 appleapple stockstim cook
Previous Post

Facebook simplifies cross-posting across its apps, unifies payment

Next Post

Amazon Defends Warehouse Safety Following Report on Injuries

Techie

Techie

Next Post

Amazon Defends Warehouse Safety Following Report on Injuries

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories

  • Audio
  • Smart Devices
  • Tech

Tags

5G Amazon Android Android 11 Apple bharti airtel BJP ces 2021 China Congress coronavirus covid 19 Donald Trump Facebook FLIPKART Google Huawei India Instagram IOS iPhone iPhone 12 iphone 12 pro Jio Joe Biden mi Microsoft Motorola Narendra Modi OnePlus OPPO pandemic Realme redmi Samsung samsung galaxy s21 ultra Smartphones Social media Tech TikTok Twitter Vivo whatsapp Xiaomi youtube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2020 Indi Tech News, Website By Maarich

No Result
View All Result
  • Home

© 2020 Indi Tech News, Website By Maarich